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Obtaining a financial services job position within the present marketplace has turned out to be a challenge for many jobless individuals in the United States. Although a number of positions are being produced, people are continuing to lose their jobs at the exact same or even higher pace.

As a result, you will find a great number of individuals contending for each job opportunity that is available. At the same time, you will find positions that are not filled simply because an applicant with the desired experience and skills has not applied, or sometimes because the business has delayed the hiring of additional staff.

If you find this is the case, there are a number of methods you can use to locate these job opportunities, such as social networking, researching on the Internet and contacting finance job recruiters.

A lot of job seekers think networking is the very best method to discover a new position, as often managers would rather employ people who’ve been proposed by someone they know. Others prefer to search for employment online. However, since a large majority of financial institutions would rather utilize headhunters to help them locate the right job applicants, this may be your best option.

Networking

If you plan to use networking to find open job opportunities, you need to make an effort to grow and increase the group of individuals in the financial industry that you frequently connect with. You probably have colleagues who are able to connect you with professional associates and job interviews, or perhaps others that can help discover additional connections. Develop a timetable to reach out on a regular basis to each and every individual. You most likely are comfortable getting in touch with several friends once or twice per week, while other people you may get in touch with less often. The key here is to be consistent.

Searching for Jobs Online

Searching for employment online can be fairly easy if you understand how and where to search. You will find numerous job boards that provide a huge number of possibilities, but combing through appropriate listings can not just be extremely time consuming but also discouraging. A good strategy to finding a rewarding job online is to stay current with industry news as well as finding websites specific to the finance industry. Studying the news will help you determine what keywords and phrases to utilize in your job search; exploring the right websites will reduce the quantity of time invested in sifting through all of the results.

Finance Recruitment Firms

The best idea is to contact a financial services recruitment firm as soon as you decide you need to look for another job. They know a huge number of people in the industry, are aware of job openings the minute they become available, and are experienced at matching an individual’s qualifications with the right job opportunity. They can facilitate an interview, advising you on your interview techniques and the company culture prior to your first meeting with the employer. The will also keep your job search confidential, and all this is provided with no cost to you.

There has been some buzz about Primerica in recent months and whether or not it is a legitimate company. There have been blogs written ranting against Primerica and the complaint board is full of people who are not very happy. With the current state of the economy, more and more are looking for second and even third incomes to help them get by. Enter Primerica Financial Services, which has been looking for potential business representatives in huge numbers, and this story begins.

My disclaimer: I am not affiliated with Primerica in any way, shape or form. I happened upon a website full of complaints and accusations against Primerica, and decided to look a little further into the company- how they recruit, how they operate, and why some people seem so down on them.

What I found is this:

Primerica Financial Services is a multi-level marketing business opportunity, and I emphasize “business opportunity” here. It affords people the opportunity to make good money selling their services. They are a publicly held, publicly traded company, owned by Citigroup, and have been around for approximately 30 years. They sell life insurance policies, annuities, mutual funds, etc.

Primerica uses various recruitment methods, but the most egregious method seems to be when an agent calls a candidate for a potential “job interview”. This is happening to people who have posted their resume online. An agent makes contact, does a quick “interview” over the phone, says their resume looks promising and they feel the candidate would be a great fit for the company. Then the agent sets up a time and place for an “interview.” These are not interviews, but more like recruitment meetings. While in the “interview”, candidates are finding out that Primerica is a Multi-level marketing system. There is also a small fee to be paid by the candidate for joining. Most people hear this and immediately feel that Primerica is a scam because “no one would pay money to start a job,” as one online poster put it. But, there is training involved, licenses to be obtained, fingerprinting to be done, etc. The confusion comes in when people think they are being offered a job and find out that they are, in fact, being offered the opportunity to have their own home-based business. It doesn’t mean Primerica is running a “scam,” but it does mean that they should be more transparent up front.

Although many people object to the manner in which Primerica gets people in to their “interviews”, they recruit this way because they need massive numbers of potential candidates. Many people will not make it in the MLM world. It is hard work. Sometimes it is much easier to head for your 9-5 job than it is to work at your own business.

Primerica does not promise that you will get rich quick. They tell you that you have the potential to earn a lot of money if you join. How hard you work and what you earn are up to you. Do you have the potential to earn great money doing what you currently do? Do you have the potential to set your own earnings, meaning you determine how much you will make based on how hard you work? Do you have the flexibility to set your own appointments, work as many hours as you would like, work from home? If you are like most people, probably not. You earn a wage, you may or may not get a 3-5% raise annually, you do what your boss tells you to do, and you probably can’t work from home.

Although Primerica is certainly not for everyone, it is certainly not a scam. You may end up working as hard or even harder than you did working your 9-5 job. However, you will be working for yourself, and will have the rewards and flexibility that come along with owning your own business.

Primerica Financial Services (PFS) is a subsidiary of CitiGroup corporation and a direct marketing platform for CitiGroup. Primerica has over 100,000 independent representatives mainly in the US but have recently expanded into South America and Europe. However if you’re thinking of becoming a Distributor for Primerica then this article will tell you the truth about Primerica and why 97% fail.

As you all know Primerica is owned by Citigroup and is essentially a marketing arm of select products mainly life insurance, mutual funds, loans etc.

Primerica is not a scam and this is proven by the fact that Primerica is still around. The ”Primerica scam” is usually held up by people who after joining Primerica found that they could not run a business.

People’s lack of personal responsibility coupled with their ignorance has given the MLM industry a bad reputation but I digress.

The business opportunity is really two fold. You sell financial products and services and you recruit people into the business so you can have an army of people selling so you can bring in more lush commissions.

This sounds simple on the surface but once inside you’ll realize that it takes more than a simple concept to make things work. Most people quit after their first few months simply because they aren’t willing to do what the 3% do to become successful.

My only gripe with Primerica is the products. It all sounds great and generous on the surface. The idea to help people save money and get out of debt is a noble one but a bit misguided.

These kinds of products have been around for years yet everyone is still in debt. Why is that?

Do people really think that things like debt consolidation will help? It might help at first you have all your debts in one place you get a clearer picture and you aren’t overloaded.

But it’s still debt and let’s add to this the average number of ads that a person sees on a daily basis:3000.

We respond to at least 1 of these every day and we can’t help it and we end up spending more money. More debt won’t help at this point. It would be like trying to cure a heroin addict of heroin by prescribing more heroin.

The only thing that will help people now is financial education. Primerica is great to get people looking and focusing on their finances but that’s it. It will get people interested in how money works.

What You Could Do To Help

The only Truth about Primerica is that it has products and services that are in demand you could be the one to make hefty dividends.

Since Primerica is a Network Marketing company you’ll have to remember the ‘Network’ in Network Marketing. You’re in business for yourself but not by yourself.

When you recruit you have to stop focusing on the fees that are paid to you. Focus on your downline being able to duplicate your results.

Now here is another problem how does your downline duplicate you? The answer is they can’t, this is a world full of unique people and you will not find your doppelganger.

Let me throw you a double whammy, what if all your downline were great recruiters like you? They went out and started to plug Primerica Life Insurance and started to recruit people into the business then what? People start leaving your downline and they start dropping off like flies.

Know this: no matter how hard you try the only thing that will help your Primerica business is a SYSTEM.

The Much Loved System

In the old days people had to prospect people in the streets and every other public place on the local map.

As time went by they started to get more creative and started posting flyers, holding meetings and the like.

But with the advent of technology prospecting has become easier. If you want your downline to be attrition proof then create and provide a system that your downline can plug into and start seeing results from day one.

You can’t do 100 presentations a day but your streamlined lead generation and prospecting system can.

Marketing

One of the other problems that you will encounter is volume……or lack thereof. To get the best out of your business then you will need to create volume. A large volume of visitors to your websites will create a large volume of leads, which will in turn create a large volume of sales.

It’s that Mickey Mouse Simple.

We’ve already established that you need a sales funnel now we need to fill that funnel with leads.

The only way to achieve this is to learn how to market. Period

Once you learn how to market and get people into your sales funnel(lead generation and prospecting system) then you will be on the road to saying goodbye to your job.

Venturing into the world of network marketing with Primerica Financial Services? Before you do, it is not enough that you know what the company is all about. Even if you know the history of Primerica by heart, it is important you have an idea of the ways you can succeed in this new venture. There are a number of people who get started with network marketing without any idea of what it really is. For this, they end up unsuccessful as they have no idea about the tools they need to use to help them succeed in this business.

The thing about network marketing is that this is a venture which requires getting your friends and family members to join in with you. But in order to succeed, your immediate contacts also need to invite their friends to join in on the fun. There are many who are not successful with this because they are not able to attract the right people. To do this, the knowledge of using the right tools is necessary.

If you have decided to join the army of successful individuals who are with Primerica Financial Services, it is important to know that the internet is your friend. Perhaps it is safe to assume that you are already aware of how to use the internet because it has been a part of our daily lives already. You have to know that there are a number of social networking sites that you can use to help you market your business.

The most successful people are those who know how best they can let their products be seen by other people. This is why social networking has been the biggest tool these individuals use. By having the ability to use these websites, you can be sure that your product will get the attention of the right people.

Financial services software streamlines the transaction processes of banks and other financial entities so that the customer’s information is secure and data storage and retrieval is not compromised. This type of software also does collateral management and financial analysis so that bank officials can keep accurate and up to date records for auditing purposes.

The software is set up so that it can be accessed from remote locations throughout the globe and provides transaction details to the customer and the banking institution in real time. Financial services software has made things easier compared to the past when all transactions were handled manually by tellers and there was no such thing as online banking or even ATM’s.

Because of the advent of the Internet and other newer technologies financial services software was needed that can keep up pace with the changing times and is constantly being updated as new developments are made. It has made the banking industry more accessible for more people and created convenience and speed that has been unmatched by any other industry.

Financial service software has also made the job of banking employees easier so they can provide more focus on customer services and offering more products and services to their new and existing customers. This software is capable of collateral management so that a bank can know what its financial status is at all times and how much is in each customer’s account. It is capable of handling deposit and withdrawal information and keeping track of the various financial instruments that a bank has.

There are companies who provide Financial service software and also provide the bank or other institutions with training and information about the system. These companies specialize in providing financial institutions with the software that they need to do business in the modern world.

As banks and banking become more complex and customer’s need more services they need software that is capable of adapting and changing with their needs. Keeping track of money is important not only for the bank but also the customers who entrust their funds to the banks. Providers of the software know this and put in place safeguards against any and all fraudulent activities and attempts by unscrupulous characters. These security measures ensure the banks stay safe as well as their assets and customer’s assets.

There has never been a greater need than today for security than now and with financial services software you can be sure that your online transactions are just as safe as if you had performed them in person at the bank. This is reassuring on many levels and creates trust between the bank and its customers.

Having financial services software and collateral management methods goes a long way in making sure that the bank remains stable in an uncertain economy. With many financial institutions either going under or merging to stay afloat, the type of software they choose can assist them in decision making and analysing their financial status.

Banks must analyse their status on a regular basis and having software in place that can crunch the numbers and give them an overall picture of where they stand financially will help them to do business long into the future and be there for future generations of banking customers.

As the finance and accounting sector is getting transformed, there is a need for new and improved solutions to cater to the challenges of the market. Changing regulations, rising costs, growing customer demands and need for technology advancements, are some of the concern areas. Financial institutions are implementing value added services and introducing new ways to engage customers, however, there is a huge scope of improvement that can only be achieved by an expert. A professional finance and accounting service provider can help the banks, insurance and financial institutions to manage their processes well, while expanding their reach into the global market.

Firstly, it is important to understand that the financial market caters to what all business verticals. This domain caters to:

Accounts: It includes general ledger accounting, bookkeeping, accounts payable, accounts receivable and so on.

Mortgage: It includes pre, during and post mortgage customer support, collections process, bank reconciliation and so on.

Customer Service Customer Service: It includes handling end-to-end customer queries and offering relevant solutions to resolve it. Also, suggesting solutions to meet the requirements of customers is a part of this segment.

Process Improvement: It includes measures to improve the overall process. Process optimization and cost saving is also a part of this segment.

Apart from the regular accounting functions, the financial sector also involves, mortgage and collection process. Loan processing involves a lot of phases, where a loan amount is planned, sanctioned, processed and approved. To do all this in an effective manner, enterprises are implementing innovative solutions in association with their service partner so as to offer the best-in-class services to the end customers. Also, a dedicated team of financial professionals is required to manage it all, timely and efficiently.

The finance function is getting intuitive, interactive and instantaneous by nature and to keep pace with this current state of business, entrepreneurs are enhancing their capabilities.

The accounting and financial services offered by a BPO (Business Process Outsourcing) service provider brings great results to a client’s business. Their measurable and innovative solutions offer guaranteed results and best performance. The third-party vendors offer customized solutions in order to meet the specific requirements of business owners. Having years of experience in process handling and client-servicing, a service vendor brings desired business results. With a global delivery network, service vendors are empowered to cater and serve global clients, financial institutes, banks, etc.

Service vendors offer a wide range of services in the following areas:

Financial services refer to the services provided by the finance industry. Also, this term is used to describe organizations dealing with the management of money, like credit card companies, insurance firms, investment banks, stock brokerages, and banks. These are the types of firms that compromise the market, providing a wide range of investment and money-related services. In terms of earnings, financial services are considered the largest market resource in the world.

Important Things You Must Be Aware Of

Generally, these services are not limited to the field of deposit-withdrawal, investment, and loan services; but rather in the fields of estate, securities, insurance, trust services, and all forms of financial intermediation like the distribution of financial products as well.

Every day, the needs and expectations of consumers are growing. Hence, making the mark in boosting personal wealth becomes a necessity. Intense competition has cuddled market margins as well as forced plenty of companies to cut costs whilst improving the quality of customer choice and service.

As most organizations are striving to be more entrepreneurial and innovative, the war for talent is escalating. And as the products become more complex and the business environment more uncertain, the risks increase. At the same time, rules and regulation are the tightening highlight within the reach of government and public pressure for improved transparency, supremacy, and accountability.

Today, the winners are those firms transforming the challenges into opportunities to establish more enduring and stronger customer relationships, unlock creativity and talent, and to sharpen their process efficiency. Apart from that, these companies also view these challenges as a means to boost their risk management processes so they can deliver more sustainable returns. Furthermore, they use used regulatory demands as a catalyst for improving market confidence and strengthening the business.

The challenges in the financial services market are indeed forcing the participants to keep pace with technological advances, as well as to be more efficient and proactive whilst reducing risks and costs.

Today, there are already a lot of companies working hand in hand with reputable financial organizations around the world to develop a very sound networking strategy for connecting firms with suppliers, employees, partners, and customers.

Indeed, the financial services market is dynamic and diverse. There are plenty of important things you must be aware of to better understand how such industry operates. It is certainly an ever-changing, high-growth, and versatile market. Businesses with various needs must know that such market offers several selections of suitable financial services.